Canadian Maple Leaf Licensing Info: Alberta Mortgage #MW-0511205,
FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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Ontario Provincial Police...Other Income/Expenses
 
Currently Displayed — Page 3
Other Party Liability — Owner Will Finance
 
other party liability (OPL) — Acronym
Ottawa Community Housing Corporation (OCHC) — Company Est.2002, Ottawa, Ontario, Canada
Ottawa General Hospital (OGH) — Ottawa, Ontario, Canada
Ottawa Real Estate Board (OREB) — Company Est.1975, Ottawa, Ontario, Canada
Ottawa Real Estate Investors Organization (OREIO) — Company Est.2002, Ottawa, Ontario, Canada
  ➥  Non-profit organization supporting Canadian real estate investors in Ottawa and surrounding areas.
Ottawa-Carleton Home Builders' Association (OCHBA) — Company, Ottawa, Ontario, Canada
out-of-pocket limitDefinition
A cap on the amount of costs a policyholder will ever need to pay with their own money without receiving benefits.
over-the-counter (OTC) — Acronym
over-the-limit feeDefinition
A fee charged for exceeding the credit limit on the card.
overall liquidity ratioDefinition
A method of determining how easily and quickly a company can sell off assets to pay off its debts.
overdraft annual costDefinition
A fee charged by the bank to cover the overdraft feature on a client's chequing account. The client pays the fee even if the overdraft protection is never activated. This fee may be charged in addition to the one-time fee.
overdraft minimum amountDefinition
Minimum amount that will be transferred to the accountholder's account if a potential non-sufficient funds (NSF) situation occurs.
overdraft protectionDefinition
A service that allows a chequing account to be linked to another savings or line of credit to provide protection against insufficient funds or overdrafts.
overnight rateDefinition
The interest rate banks use to lend or borrow funds from each other.
own-occupation provisionDefinition
Insurance that triggers when a policyholder is unable to work in his or her own occupation due to disablement.
owner financing (O/F, OF, OWN)Definition
A transaction in which the seller lends all or part of the money to the buyer.
owner occupantDefinition
A borrower who resides in the property used as security for the loan.
owner will carry (OWC) — Acronym
A mortgage term used when a seller will offer financing (lend the money) to a qualified buyer.
  ➥  Mortgage financing term.
owner will finance (OWF) — Acronym
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Ontario Provincial Police...Other Income/Expenses
 
Currently Displayed — Page 3
Other Party Liability — Owner Will Finance
 

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Index for The Letter 'o'

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Ontario New Home Warranties...
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Owner Will Finance

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